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ID: 29688
Title: Yahoo! News: Business Yahoo! News Nike profit up but U.S. and margins disappoint (Reuters)
Description: Business

A customer at the Nike store in downtown Portland, March 21, 2006. The world's largest maker of athletic shoes and clothing said on Thursday quarterly net profit rose, helped by improvements in the difficult European market and favorable currency exchange rates. (Richard Clement/Reuters)Reuters - Nike Inc. reported on Thursday an 8 percent rise in net profit, topping analysts' estimates, but soft sales at U.S. malls and a forecast of lower gross margins this quarter sent its shares down 3 percent.


Category: Business/
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Date Added: March 22, 2007 11:51:28 PM
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